Option Grant definition

Option Grant means a single grant of Options to a certain Participant as determined by the Board or the Committee.

Option Grant means a written agreement between the Company and an Optionee evidencing the terms and conditions of an individual Option grant. The Option Grant is subject to the terms and conditions of the Plan.

Option Grant. Option Grant" means an option granted under one of the Plans to a Plan Participant to acquire shares of Company Stock.

Examples of Option Grant in a sentence

• The remaining terms of each option granted under the Automatic Option Grant Program shall be the same as the terms in effect for option grants made under the Discretionary Option Grant Program.

• The Plan Administrator may permit any Optionee or Participant to pay the option exercise price under the Discretionary Option Grant Program or the purchase price of shares issued under the Stock Issuance Program by delivering a full-recourse, interest bearing promissory note payable in one or more installments.

• The Notice of Stock Option Grant, this Agreement and the Plan constitute the entire contract between the parties hereto with regard to the subject matter hereof.

• On the terms and conditions set forth in the Notice of Stock Option Grant and this Agreement, the Company grants to the Optionee on the Date of Grant the option to purchase at the Exercise Price the number of Shares set forth in the Notice of Stock Option Grant.

• This option shall in any event expire on the expiration date set forth in the Notice of Stock Option Grant, which date is 10 years after the Date of Grant (five years after the Date of Grant if this option is designated as an ISO in the Notice of Stock Option Grant and Section 3(b) of the Plan applies).

More Definitions of Option Grant

Option Grant means the written instrument which contains the terms, conditions and restrictions pertaining to each Option granted to an Optionee.

Option Grant means a written agreement between the Company and an Optionee setting forth the terms and conditions of the Option granted by the Board to such Optionee.

Option Grant. You have been granted an INCENTIVE STOCK OPTION (referred to in this Agreement as your "Option").

Option Grant means such number of Options as may be granted to an Eligible Person by the Board at any time;

Option Grant means a grant of an Option under the Plan.

Option Grant means a signed, written agreement by the Company, in the form attached as Exhibit A, subject to any amendments or additions thereto as may, in the discretion of the Plan Administrator, be necessary or advisable, evidencing the terms and conditions on which an Option has been granted under this Plan.

Option Grant means the grant of Options to a Participant under the Plan as set forth in an Option Agreement.